Auction Rules

FID Ethical Auction

Only one drawing

Classic auctions give preference to large sales with hundreds of works and artists. Result: a directly proportional decrease in the visibility of the works and of the artists. With its unique strategy, FID resolutely places itself outside of this classic marketing system and affirms radical choices.

Confidential ceiling price

A starting price of $10 (€9,10) is announced at the outset. However, FID Auctions also determines a ceiling price, which will remain confidential. In the process of bidding, the work is awarded to the highest bid within the limits of the ceiling price. This measure is aimed at maintaining the focus on the merits of the work and at keeping prices reasonable.

Confidential time limit

The work will automatically go to the highest bidder, regardless of the amount achieved by the bidding. The duration of the auction is random: the bidding can terminate at any moment (in any case, as soon as the ceiling price has been reached). This is to avoid bidders waiting for the last moment to place their bids. Of course the confidential time limit will work in favour of the most courageous bidders: those who take the risk of placing their bids at the outset.

FID Ethical Auctions: an alternative to the financial art market

Of the artists who make their drawings available for auctioning, only those whose career and work fulfil the demands of FID will be accepted: high intrinsic quality at reasonable prices. With the aim of benefitting those who love art for itself and not for the investment value that it may have for some.

FID Ethical Auctions: a complementary alternative to the art market

The existence of a ceiling price places FID Auctions on a track separate from galleries and classical auctions. These sales would therefore not interfere with the rating of the artist.